MOLOKAI OCCUPATIONAL CENTER

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

DOREEN GASPAR

Phone

8085533266

Tax Period

2022-07-01 to 2023-06-30

MOLOKAI OCCUPATIONAL CENTER, founded in 1990, is a small nonprofit that reported $527K in total revenue in fiscal year 2022. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $922K exceeded revenue, resulting in a 75% operating deficit.

Mission

TO SERVE THE COMMUNITIES OF MOLOKAI THROUGH EMPLOYMENT, EDUCATION, AND OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $439,060 Revenue: $313,615

COMMERCIAL YARD CONTRACTS - FULL SERVICE YARD AND GROUND MAINTENANCE INCLUDES WALKWAYS, LIMITED TREE CUTTING, MOWING, WEED WHACKING, TRIMMING, EDGING, BLOWING, GENERAL USE HERBICIDE APPLICATION...

COMMERCIAL YARD CONTRACTS - FULL SERVICE YARD AND GROUND MAINTENANCE INCLUDES WALKWAYS, LIMITED TREE CUTTING, MOWING, WEED WHACKING, TRIMMING, EDGING, BLOWING, GENERAL USE HERBICIDE APPLICATION, BASIC IRRIGATION MAINTENANCE AND REPAIR, GREEN WASTE REMOVAL, AND SPECIAL REQUEST SITUATIONS.

Program 2

Expenses: $283,197 Revenue: $177,095

PROGRAM SERVICES SUCH AS CAR WASH, LAUNDRY, THRIFT STORE, RESIDENTIAL LANDSCAPING, AND JANITORIAL AND MAINTENANCE SERVICES PROVIDED TO THE COMMUNITY AS PART OF THE PARTICIPANTS' VOCATIONAL TRAINING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $36,700

Program Service Revenue $490,710

Investment Income $0

Other Revenue $0

TOTAL REVENUE $527,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $579,205

Fundraising Expenses $0

Program Expenses $722,257

Other Expenses $343,285

TOTAL EXPENSES $922,490

Year-over-Year Comparison

	2022	2021	Change
Revenue	$527,410	$1,574,455	-0.7%
Expenses	$922,490	$1,330,481	-0.3%
Net Income	$-395,080	$243,974	-2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$49,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAJEAN LARKIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHANIE LAUIFI	SECRETARY	4.00	Officer Director	$0	$0	$0
NANCY RAVELO	TREASURER	2.00	Officer Director	$0	$0	$0
SHARON SAMONTE	DIRECTOR	2.00	Director	$0	$0	$0
CHARLOTTE SEALES	DIRECTOR	2.00	Director	$0	$0	$0
DOREEN GASPAR	EXECUTIVE DIRECTOR	40.00	Officer	$49,077	$0	$49,077

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$527,410	$922,490	$435,545	$-395,080
2022	$1,574,455	$1,330,481	$854,135	$243,974
2021	$690,980	$905,889	$711,914	$-214,909
2020	$1,261,430	$1,017,878	$911,659	$243,552
2019	$1,175,081	$1,054,226	$585,497	$120,855
2018	$1,293,818	$895,431	$477,715	$398,387
2017	$650,049	$600,120	$83,257	$49,929